0/ Who’s out there building Lambda School for BizOps? I’m super interested in funding the right team to solve this problem.
We have ISA schools / online courses for Eng, Product, Sales, Design, but I haven’t seen anything on BizOps.
This is a big big big opportunity [THREAD]
1/ First, what is BizOps?
BizOps is one of the most critical functions in a fast growing startup. 3 big objectives:
1. Tie the glue together between departments 2. Define and monitor a clear set of universal metrics 3. Tease out the natural tension that sits between teams
2/ But here's the problem.
Right now, EVERY BizOps job posting finishes with “Prefer 2-4 years of experience in Investment Banking or Consulting.”
Ok, so what do you do if you weren't an ex-banker or consultant? And why did we decide that that background makes the most sense?
3/ There’s some validity to the banker/consultant train.
But if we’re being honest, the biggest reason those backgrounds are sought after is because it’s an easy/lazy filtering mechanism.
Why do you hire the Harvard grad? Same reason you hire the candidate from McKinsey.
4/ But every year, those backgrounds are getting further and further removed from the ops of high growth startups.
You don’t learn the language, the tools or the metrics by being a consultant or banker.
The faster you get into the guts of a startup, the faster you learn.
5/ So what’s the implication?
SUPPLY SIDE - If you want to hire a BizOps person, you’ve got a small and shrinking pool (ex-bankers and consultants who are not in tune with your needs)
DEMAND SIDE - If you want to get into BizOps, you have 0 entry ramp into the role.
6/ On the DEMAND side, you might be thinking - well how many people “want to get into BizOps.”
Not many if you ask it that way.
The right question is not “how many people want to get into BizOps”, it’s “how many would try to get into BizOps if presented the opportunity.”
7/ Imagine how high impact this company would be.
If every kid going into a dead end liberal arts degree harnessed that curiosity and paired it with something tangible (because let’s face it, not everyone will be an engineer), the intangible benefits to society would be 🚀🚀🚀
8/ This has N-of-1 potential (h/t @arjunsethi for the concept). Unlike BizOps, Engineering lends itself to be 1-of-N.
What does that mean? You can be the single credential for BizOps; harder to do that in Engineering - think about how many credentials are already out there.
9/ Someone’s going to make a lot of money and drive a lot of impact building in this space.
Who’s building Lambda for BizOps?
Let’s replace “2 years of Consulting Experience” on every BizOps JD with the name of your company.
This is long overdue.
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0/ [THREAD] I had @DavidSacks on the podcast today and it was one of the most insightful episodes I’ve done yet. Here were the 10 biggest insights I learned from David today.
Lessons on startups, leadership and operating from building multiple multi-billion dollar companies:
1/ Chaos is exacerbated by growth.
Too many organizations and first time leaders are focused on subduing chaos.
Embrace it.
Ironically, chaos is one of the few startup problems that growth doesn’t solve - in fact, it’s caused by growth.
2/ If you have product-market fit and are scaling from 50 to 500 employees, you have a fan base
Engage this community as quickly as you can. It may only be a few dozen people at the first event, but it will grow.
Dreamforce started small. Now it's the largest tech conference.
0/ There’s a lot of noise on how to pitch your startup.
Keep it simple. Every good pitch boils down to five ingredients. If you have all 5, you'll get funded. Miss 1 and it can be fatal.
I made a chart describing how the ingredients relate to each other.
Let's dig in 👇
1/ You need 5 ingredients to nail your pitch:
Problem - Is this an issue?
Solution - Do you have the right fix?
Market - Is this big enough?
Business - Can you make money?
Team - Are you the people to do it?
The best pitches hit all 5, good pitches 4 and subpar hit 3 or less.
2/ Ingredient #1 Problem
The problem statement is an explanation of why a defined set of circumstances is painful for a defined set of users.
If you have a problem that’s not painful, your company at best is a vitamin. The best startups are pain killers.
I’m investing $3M this year into startups solving across this spectrum.
Here are the biggest opportunities I’m most excited about. If you’re building in any of these areas, let’s chat.
Let's dig in 👇👇👇
1/ Education
$50K for subpar Zoom classes and an increasingly meaningless credential won't cut it.
Next gen schools, (@flockjay), communities (@Career_Karma), homeschooling (@withprimer) and recruiters (@placement) will educate, train and support the next billion people.
2/ Crypto
The parabolic rise in bitcoin and ether price over the last few weeks may seem bubble-esque, but over the last 4 years, crypto developer and startup activity has 10x’d.
0/ After talking to 200+ founders this year about operating through COVID, @schlaf and I coined a term we hope catches on in 2021:
“Human-Centric CEO.”
We think this philosophy can drive 10x impact for leadership in organizations.
Let’s dig in to the what, why and how 👇👇👇
1/ One of the most commonly cited management think pieces for operating through crisis is “Peacetime - Wartime CEO” by @bhorowitz. And for good reason, it's a philosophy for companies to survive, reinvent and ultimately win when macroeconomic environments shift.
2/ In most of the conversations we’ve had with Founders, we hear frequent allusion to this framework to help navigate the landscape. We’ve even used it over the past year.
But while helpful, it's incomplete. And it's application can lead to deeply problematic outcomes.